It was another rocky day for Canada’s main stock index that ultimately ended up in the green thanks to a lead powered by the tech sector on Friday. This comes just after the TSX had hit a high not seen in seven months. Gains were stifled by losses among mining, financial, telecom, and utilities shares.
US markets were split as traders digested a key inflation reading that hinted at softening demand, but also economic resiliency. All eyes look to next week’s Federal Reserve monetary policy meeting.
Today in the Markets
The Canadian dollar traded for 75.16 cents US, compared to 75.02 cents US on Thursday.
US crude futures traded $1.54 lower at $79.47 a barrel, while the Brent contract lost $1.08 to $86.39 a barrel.
The price of gold was down US2.18 to US$1,928.39.
In world markets, the Nikkei was up 19.81 points to 27,382.56, the Hang Seng was up 122.12 points to 22,688.90, the FTSE was up 4.04 points to 7,765.15, and the DAX was up 17.18 points to 15,150.03.
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